Consolidated Planning Corp Buys 3,828 Shares of Corning Incorporated $GLW

Key Points

• Consolidated Planning Corp increased its stake in Corning Incorporated by 14.5%, acquiring an additional 3,828 shares, bringing its total holdings to 30,287 shares valued at approximately $1.6 million.
• Several institutional investors have significantly increased their positions in Corning, including GAMMA Investing LLC, which boosted its holdings by 5,814.8% in Q1.
• Corning's latest quarterly earnings report showed an EPS of $0.60, surpassing analysts' expectations, and the company has set a Q3 2025 EPS guidance of 0.630-0.670.

Consolidated Planning Corp boosted its stake in Corning Incorporated (NYSE:GLW - Free Report) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,287 shares of the electronics maker's stock after purchasing an additional 3,828 shares during the quarter. Consolidated Planning Corp's holdings in Corning were worth $1,593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLW. Brighton Jones LLC increased its holdings in shares of Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Corning by 5,814.8% in the first quarter. GAMMA Investing LLC now owns 519,969 shares of the electronics maker's stock worth $23,804,000 after acquiring an additional 511,178 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Corning in the first quarter worth about $230,000. NBC Securities Inc. increased its holdings in shares of Corning by 100,100.0% in the first quarter. NBC Securities Inc. now owns 10,020 shares of the electronics maker's stock worth $458,000 after acquiring an additional 10,010 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Corning by 112.4% in the first quarter. Merit Financial Group LLC now owns 23,169 shares of the electronics maker's stock worth $1,061,000 after acquiring an additional 12,259 shares in the last quarter. Institutional investors own 69.80% of the company's stock.

Corning Stock Performance

Shares of NYSE GLW opened at $83.10 on Thursday. The stock has a 50 day moving average price of $69.64 and a 200 day moving average price of $55.42. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $83.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.50. The stock has a market capitalization of $71.18 billion, a PE ratio of 88.40, a price-to-earnings-growth ratio of 1.83 and a beta of 1.14.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.84 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup increased their price target on Corning from $72.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Argus reaffirmed a "buy" rating and set a $68.00 price objective on shares of Corning in a research report on Wednesday, July 30th. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 price objective (up from $55.00) on shares of Corning in a research report on Wednesday, July 30th. Wall Street Zen cut Corning from a "strong-buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Morgan Stanley set a $56.00 price objective on Corning and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $70.08.

Insider Activity

In related news, SVP Jaymin Amin sold 17,721 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the completion of the transaction, the senior vice president directly owned 88,722 shares of the company's stock, valued at approximately $6,847,563.96. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Wendell P. Weeks sold 82,103 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $65.19, for a total value of $5,352,294.57. Following the completion of the sale, the chief executive officer owned 809,295 shares in the company, valued at $52,757,941.05. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,671 shares of company stock valued at $11,816,899. Corporate insiders own 0.40% of the company's stock.

Corning Company Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.

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